8-K Announcements
6Material company update
May 15, 2026·SEC
Material company update
May 7, 2026·SEC
Material company update
Apr 30, 2026·SEC
Tejon Ranch Co.(TRC)Earnings, Financials & Key Ratios
TRC•NYSE
$18.54
6621.4× P/E·Price updated Jul 6, 2026
AboutTejon Ranch Co., together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development. It is also involved in the activities related to communications leases, and landscape maintenance. This segment leases land to two auto service stations with convenience stores, 13 fast-food operations, a motel, an antique shop, and a post office; various microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes; and 32 acres of land for an electric power plant. The Resort/Residential Real Estate Development segment engages in land entitlement, planning, pre-construction engineering, stewardship, and conservation activities. The Mineral Resources segment includes oil and gas royalties, rock and aggregate royalties, and royalties from a cement operation leased to National Cement Company of California, Inc.; and the management of water assets and infrastructure projects. The Farming segment farms permanent crops, such as wine grapes in 1,036 acres, almonds in 2,262 acres, and pistachios in 1,053 acres. It also manages the farming of alfalfa and forage mix on 626 acres in the Antelope Valley; and leases 720 acres of land for growing vegetables, as well as almonds. The Ranch Operations segment provides game management and ancillary land services comprising grazing leases and filming, as well as various guided hunts. Tejon Ranch Co. was founded in 1843 and is based in Lebec, California.Show more
- Revenue$50M+18.4%
- EBITDA-$2M+55.0%
- Net Income$75K-97.2%
- EPS (Diluted)0.00-97.2%
- Gross Margin12.33%+172.7%
- EBITDA Margin-3.91%+62.0%
- Operating Margin-16.04%+27.0%
- Net Margin0.15%-97.6%
- ROE0.02%-97.2%
TRC Price & Volume
Tejon Ranch Co. (TRC) stock price & volume — 10-year historical chart
Loading chart...
Persistent Operational Losses Mask Significant Land Value
Investment Thesis • Updated 2026Q1
VerdictNegative: The company's inability to achieve consistent profitability
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Burning
Primary Risk:Regulatory and entitlement delays
Key Thesis Takeaways
- Tejon Ranch Co.
- presents a complex investment profile where massive, long-term land holdings are currently offset by structural operational deficits and inconsistent revenue streams.
- While the company maintains a conservative capital structure with a 0.19 debt-to-equity ratio, the persistent inability to generate positive free cash flow—evidenced by a -77.3% FCF margin in 2025Q4—creates significant liquidity risk.
- Investors should monitor the progress of entitlement milestones, as the current reliance on lumpy land sales to cover overhead may continue to erode cash reserves, which have declined from $39.3M in 2024Q4 to $4.7M in 2026Q1.
Verdict Logic
highlighted by a -11.9% operating margin in 2026Q1, suggests that the long-term value of land assets is currently overshadowed by significant operational cash burn.
TRC Growth Metrics
Tejon Ranch Co. (TRC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-0.31%
5 Years5.56%
3 Years-14.45%
TTM19.2%
Profit CAGR
10 Years-30.73%
5 Years-
3 Years-83.2%
TTM-21.12%
EPS CAGR
10 Years-32.38%
5 Years-
3 Years-83.2%
TTM-28.36%
Return on Capital
10 Years-0.61%
5 Years-0.22%
3 Years-1.19%
Last Year-1.31%
TRC Recent Earnings
Tejon Ranch Co. (TRC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.01+150.0%
$0.02
Rev
$10M+8.6%
$9M
Q2 2026
Mar 19, 2026Metric
Actual
Est
EPS
$0.06+20.0%
$0.05
Rev
$21M+51.8%
$14M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.06+500.0%
$0.01
Rev
$12M-14.2%
$14M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.06-200.0%
$0.02
Rev
$8M-12.9%
$10M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.01vs $0.02+150.0% | $10Mvs $9M+8.6% |
| Q2 2026 | Mar 19, 2026 | $0.06vs $0.05+20.0% | $21Mvs $14M+51.8% |
| Q4 2025 | Nov 6, 2025 | $0.06vs $0.01+500.0% | $12Mvs $14M-14.2% |
| Q3 2025 | Aug 7, 2025 | $0.06vs $0.02-200.0% | $8Mvs $10M-12.9% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Tejon Ranch Co. (TRC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $18.54 | $500.66M | 6621.43 | 18.4% | 0.15% | 0.02% | — | |
| $41.83 | $310.23M | -2.17 | -5.52% | -115.6% | -17.4% | — | |
| $21.43 | $723.98M | 268.21 | 20.1% | 7.92% | 2.16% | — | |
| $4.06 | $293.54M | -0.29 | 70.87% | -151.44% | -93.17% | — | |
| $30.40 | $1.55B | 9.24 | 10.14% | 9.8% | 9.49% | — | |
| $23.40 | $16.87B | 52.00 | -3.07% | 5.74% | 4.2% | — |
Compare TRC vs Peers
Tejon Ranch Co. (TRC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TRC SEC Filings & Documents
Tejon Ranch Co. (TRC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when TRC posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
TRC Frequently Asked Questions
Tejon Ranch Co. (TRC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Tejon Ranch Co.'s revenue?
Tejon Ranch Co. (TRC) reported $50.9M in revenue for fiscal year 2025. This represents a 189% increase from $17.6M in 1996.
How fast is Tejon Ranch Co. growing?
Tejon Ranch Co. (TRC) grew revenue by 18.4% over the past year. This is strong growth.
Is TRC profitable?
Yes, Tejon Ranch Co. (TRC) is profitable, generating $1.7M in net income for fiscal year 2025 (0.2% net margin).
Dividend & Returns
What is TRC's return on equity?
Tejon Ranch Co. (TRC) has a return on equity (ROE) of 0.0%. This is below average, suggesting room for improvement.
What is Tejon Ranch Co.'s free cash flow?
Tejon Ranch Co. (TRC) had negative free cash flow of $5.4M in fiscal year 2025, likely due to heavy capital investments.